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Funding arb · Price arb /

HYPE

all HYPE markets
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Alert: funding
Measured
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 11:00 UTC+0.0211%/8h= +23.1% APRnext payment +$0.26 per $10,000 · paid last 24h +0.055%
Price spread now: Bluefin against Aftermath Perps−0.088%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on Aftermath PerpsShort on Bluefin
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)—no history yet
Price spread, last 7 days—no price history on both exchanges yet
Together, before fees—needs both histories
Funding pays, the price is against you. Bluefin is 0.088% cheaper against Aftermath Perps than usual: you would sell low and buy high (spread −0.088% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 33 hours of funding at the current rate (+$6 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAftermath Perps HYPEUSD95.248−0.0130get 0.0016% / 1h53m 15s$22K$17K10x
ShortBluefin HYPE-PERP95.1640.0081get 0.0010% / 1h53m 15s$79K$136K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bluefin against Aftermath Perps. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$44.23
Price spread: −0.088% → 0.000%
−$8.77
Slippage, 4 orders
no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders
−$9
Fee Bluefin: 3.5 bp × 2 orders
−$7
Net
$19.46
Costs to cover
0.160%
Break-even
3.9 days
Slippage unknown: Aftermath Perps: no order-book sample; Bluefin: live order book, 59 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aftermath Perps no order-book sample—————
Sell Bluefin live order book, 59 min ago5.06 bp17.1 bp −$17doesn't fitdoesn't fitdoesn't fit
Aftermath Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

HYPE on 54 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hibachi HYPE/USDT-P−0.1208%1h95.237−0.011%$213K$261K7xas long as short
Phemex HYPEUSDT−0.0277%8h95.208−0.041%$13.0M$2.5M50xas long as short
Kraken Futures PF_HYPEUSD−0.0251%1h95.169−0.082%$18.5M$35.2M50xas long as short
Ondo Perps HYPE-USD.P−0.0160%1h95.160−0.092%$690K$1.3M10xas long as short
Arcus HYPE-USD−0.0130%1h95.153−0.099%$1.1M$2.4M10xas long as short
Aftermath Perps HYPEUSDlong−0.0130%1h95.248long leg$22K$17K10x
Bullet HYPE-USD−0.0127%1h95.157−0.095%$114K$581K20xas long as short
Lighter HYPE−0.0104%1h95.151−0.102%$16.3M$57.5M20xas long as short
01 Exchange HYPEUSD−0.0096%1h95.145−0.108%$92K$337K20xas long as short
Hotstuff HYPE-PERP−0.0080%1h95.191−0.059%$3K$33125xas long as short
Show all 54 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate HYPE_USDT−0.0076%4h95.153−0.099%$54.7M$53.1M75xas long as short
Coinbase International HYPE-PERP-INTX−0.0056%1h95.190−0.060%$4.7M$5.6M50xas long as short
Orderly PERP_HYPE_USDC−0.0042%4h95.124−0.130%$148K$643K20xas long as short
Aster HYPEUSDT−0.0031%4h95.154−0.098%$9.0M$32.9M300xas long as short
OKX HYPE-USDT-SWAP−0.0012%8h95.145−0.108%$119.2M$303.1M50xas long as short
Phoenix HYPE−0.0008%1h95.326+0.082%$201K$1.1M10xas long as short
dYdX HYPE-USD0.0000%1h95.259+0.012%$129K$94K5xas long as short
Popdex HYPEUSDT0.0000%1h95.142−0.111%$274K$1.0M50xas long as short
Perpl HYPE0.0000%43m95.139−0.113%$24K$251K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0001%1h95.192−0.059%$100K—150xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0002%1h95.244−0.004%$7.5M$4.3M50xas long as short
SoDEX HYPE-USD+0.0010%1h95.152−0.100%$2.1M$373K10xas long as short
Bitget HYPEUSDT+0.0018%4h95.165−0.087%$228.7M$86.9M75xas long as short
Bybit HYPEUSDT+0.0028%8h95.160−0.092%$320.6M$266.0M75xas long as short
Bulk HYPE-USD+0.0074%1h95.269+0.022%$232K$12K10xas long as short
Paradex HYPE-USD-PERP+0.0075%8h95.170−0.082%$340K$35K20xas long as short
Bluefin HYPE-PERPshort+0.0081%1h95.164−0.088%$79K$136K20x
Binance HYPEUSDT+0.0092%4h95.147−0.106%$382.5M$855.0M75xas long as short
edgeX HYPEUSDC+0.0092%4h95.253+0.005%$5.1M$29.1M30xas long as short
MEXC HYPE_USDT+0.0094%4h95.152−0.100%$90.3M$83.1M100xas long as short
Lighter RH HYPE+0.0096%1h95.169−0.082%$3.3M$10.0M20xas long as short
Katana Perps HYPE-USD+0.0099%8h95.120−0.134%$39K$1.5M10xas long as short
Vest HYPE-PERP+0.0100%1h95.222−0.026%—$80K5xas long as short
Nado HYPE-PERP+0.0100%1h95.154−0.098%$7.4M$51.9M10xas long as short
Hyperliquid HYPE+0.0100%1h95.267+0.020%$2.11B$645.7M10xas long as short
Pacifica HYPE+0.0100%1h95.191−0.059%$10.3M$13.3M20xas long as short
KuCoin HYPEUSDTM+0.0100%4h95.172−0.079%$48.1M$17.6M75xas long as short
BingX HYPE-USDT+0.0100%4h95.175−0.076%—$49.2M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h95.201−0.049%$7.9M$10.4M20xas long as short
Variational Omni HYPE+0.0100%8h95.251+0.003%$30.0M$53.1M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h95.290+0.044%$7.7M$39.6M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h95.279+0.033%$347K$882K50xas long as short
StandX HYPE-USD+0.0100%1h95.216−0.033%$693K$2.8M20xas long as short
Polymarket Perps HYPE-USD+0.0100%1h95.182−0.069%$504K$2.5M20xas long as short
SunX HYPE-USDT+0.0100%4h95.223−0.026%$32K$1.4M20xas long as short
HTX HYPE-USDT+0.0100%4h95.292+0.047%$1.4M$5.4M75xas long as short
Extended HYPE-USD+0.0104%1h95.129−0.124%$18.4M$39.7M50xas long as short
Aevo HYPE-PERP+0.0104%1h95.138−0.115%$402K$130K20xas long as short
Kalshi KXHYPEPERP+0.0125%8h95.256+0.009%$1.8M$5.1M2.3xas long as short
RISEx HYPE/USDC+0.0133%1h95.182−0.068%$3.1M$5.5M20xas long as short
Reya HYPERUSDPERP+0.0270%1h95.118−0.136%$85K$96K15xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0330% / S −0.0155%1h95.187−0.063%$1.4M—100xas long as short
BloFin HYPE-USDT+0.0336%4h95.165−0.087%$17.3M$11.5M75xas long as short
Injective HYPE/USDC PERP+0.0969%1h95.500+0.265%$31K$334K12xas long as short